martec engineering group limited

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martec engineering group limited Company Information

Share MARTEC ENGINEERING GROUP LIMITED
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Company Number

SC165315

Registered Address

block 7, 20 clydesmill drive, cambuslang investment park, cambuslang, glasgow, G32 8RG

Industry

Manufacture of basic iron and steel and of ferro-alloys

 

Telephone

01416465220

Next Accounts Due

September 2024

Group Structure

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Directors

Martin McHugh27 Years

Gary Miller10 Years

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Shareholders

martin mchugh 100%

martec engineering group limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of MARTEC ENGINEERING GROUP LIMITED at £3.9m based on a Turnover of £12.9m and 0.3x industry multiple (adjusted for size and gross margin).

martec engineering group limited Estimated Valuation

£825.5k

Pomanda estimates the enterprise value of MARTEC ENGINEERING GROUP LIMITED at £825.5k based on an EBITDA of £270.8k and a 3.05x industry multiple (adjusted for size and gross margin).

martec engineering group limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of MARTEC ENGINEERING GROUP LIMITED at £1.9m based on Net Assets of £1.7m and 1.12x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Martec Engineering Group Limited Overview

Martec Engineering Group Limited is a live company located in cambuslang, glasgow, G32 8RG with a Companies House number of SC165315. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in May 1996, it's largest shareholder is martin mchugh with a 100% stake. Martec Engineering Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.9m with healthy growth in recent years.

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Martec Engineering Group Limited Health Check

Pomanda's financial health check has awarded Martec Engineering Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

5 Regular

positive_score

6 Weak

size

Size

annual sales of £12.9m, make it smaller than the average company (£24.1m)

£12.9m - Martec Engineering Group Limited

£24.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.1%)

7% - Martec Engineering Group Limited

7.1% - Industry AVG

production

Production

with a gross margin of 17.4%, this company has a comparable cost of product (17.4%)

17.4% - Martec Engineering Group Limited

17.4% - Industry AVG

profitability

Profitability

an operating margin of 1.4% make it less profitable than the average company (7.1%)

1.4% - Martec Engineering Group Limited

7.1% - Industry AVG

employees

Employees

with 86 employees, this is similar to the industry average (75)

86 - Martec Engineering Group Limited

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.3k, the company has an equivalent pay structure (£45.3k)

£45.3k - Martec Engineering Group Limited

£45.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £150k, this is less efficient (£400.9k)

£150k - Martec Engineering Group Limited

£400.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 53 days, this is near the average (56 days)

53 days - Martec Engineering Group Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 27 days, this is quicker than average (60 days)

27 days - Martec Engineering Group Limited

60 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 39 days, this is less than average (64 days)

39 days - Martec Engineering Group Limited

64 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)

0 weeks - Martec Engineering Group Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64.3%, this is a higher level of debt than the average (51.6%)

64.3% - Martec Engineering Group Limited

51.6% - Industry AVG

martec engineering group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Martec Engineering Group Limited Competitor Analysis

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martec engineering group limited Ownership

MARTEC ENGINEERING GROUP LIMITED group structure

Martec Engineering Group Limited has 1 subsidiary company.

Ultimate parent company

MARTEC ENGINEERING GROUP LIMITED

SC165315

1 subsidiary

MARTEC ENGINEERING GROUP LIMITED Shareholders

martin mchugh 100%

martec engineering group limited directors

Martec Engineering Group Limited currently has 5 directors. The longest serving directors include Mr Martin McHugh (May 1996) and Mr Gary Miller (Nov 2013).

officercountryagestartendrole
Mr Martin McHugh69 years May 1996- Director
Mr Gary Miller55 years Nov 2013- Director
Mr Mark McGuigan55 years Jun 2015- Director
Mrs Karen DickieScotland59 years Jul 2021- Director
Mrs Karen DickieScotland59 years Jul 2021- Director

MARTEC ENGINEERING GROUP LIMITED financials

EXPORTms excel logo

Martec Engineering Group Limited's latest turnover from December 2022 is estimated at £12.9 million and the company has net assets of £1.7 million. According to their latest financial statements, Martec Engineering Group Limited has 86 employees and maintains cash reserves of £559 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover12,902,47310,506,3859,235,91310,624,0067,770,2967,405,1546,954,8933,884,3445,744,2604,921,2663,487,6035,281,3564,109,0630
Other Income Or Grants00000000000000
Cost Of Sales10,656,5038,614,9657,487,7968,618,9456,399,9945,978,0895,478,1433,328,4164,894,5834,145,4072,897,4984,294,8433,276,6730
Gross Profit2,245,9701,891,4201,748,1162,005,0611,370,3021,427,0641,476,750555,927849,677775,859590,105986,514832,3900
Admin Expenses2,071,9041,683,5381,402,7701,663,8311,135,0591,049,3711,280,167286,541759,442556,210423,321943,255903,318-147,315
Operating Profit174,066207,882345,346341,230235,243377,693196,583269,38690,235219,649166,78443,259-70,928147,315
Interest Payable117,66262,81458,09455,67056,29564,48362,40031,0442,1674,5947,97912,59420,04213,000
Interest Receivable292033323211111
Pre-Tax Profit56,432145,069287,252285,563178,952313,212134,185238,34588,071215,056158,80530,666-90,969134,315
Tax-10,722-27,563-54,578-54,257-34,001-59,510-26,837-47,669-18,495-49,463-38,113-7,9730-37,608
Profit After Tax45,710117,506232,674231,306144,951253,702107,348190,67669,576165,593120,69222,693-90,96996,707
Dividends Paid00000000000000
Retained Profit45,710117,506232,674231,306144,951253,702107,348190,67669,576165,593120,69222,693-90,96996,707
Employee Costs3,893,4553,378,5223,449,6963,610,9852,996,5832,566,9512,457,192660,476765,320580,233407,559624,147584,9190
Number Of Employees868687907771671822171219180
EBITDA*270,787294,099410,859413,631313,351455,052274,884324,453138,768289,026246,329122,51319,687229,815

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets417,740502,805926,863980,7101,013,4461,070,0591,074,8391,111,7901,016,6951,027,9671,052,6931,127,3361,165,6251,249,540
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets417,740502,805926,863980,7101,013,4461,070,0591,074,8391,111,7901,016,6951,027,9671,052,6931,127,3361,165,6251,249,540
Stock & work in progress1,146,1221,084,546781,5781,001,533727,089552,621441,762294,034468,452282,835228,597279,095222,551149,142
Trade Debtors1,889,0662,168,7931,981,8411,940,9441,265,8631,631,0461,349,431880,603837,143823,133582,9651,025,884772,711949,437
Group Debtors00000081,89381,893000000
Misc Debtors1,324,3271,226,549383,804202,219229,276199,28652,94924,125000001,468
Cash5591,0842291286671859484835732449818555214
misc current assets00000000000000
total current assets4,360,0744,480,9723,147,4523,144,8242,222,8952,383,1381,926,9831,281,1381,306,1681,106,212811,6601,305,164995,3171,100,261
total assets4,777,8144,983,7774,074,3154,125,5343,236,3413,453,1973,001,8222,392,9282,322,8632,134,1791,864,3532,432,5002,160,9422,349,801
Bank overdraft1,058,805462,051449,389856,187546,795642,269633,352443,178000000
Bank loan00000000000000
Trade Creditors 811,8241,222,368680,9631,114,013761,272894,832944,861510,0791,324,6721,109,619863,1731,428,2811,103,4001,561,981
Group/Directors Accounts000000029,110000000
other short term finances00000000000000
hp & lease commitments00000020,62616,738000000
other current liabilities425,562445,459840,095741,820604,898587,676248,149239,691000000
total current liabilities2,296,1912,129,8781,970,4472,712,0201,912,9652,124,7771,846,9881,238,7961,324,6721,109,619863,1731,428,2811,103,4001,561,981
loans388,984567,265531,34867,813178,686300,243408,243512,020066,66674,688170,833216,666400,000
hp & lease commitments00000046,08943,513000000
Accruals and Deferred Income00000000000000
other liabilities289,883497,15413,37020,50946,28769,71700612,844643,176777,367804,953835,136291,111
provisions94,589127,02314,19912,91517,43222,44018,18423,6291,05300000
total long term liabilities773,4561,191,442558,917101,237242,405392,400472,516579,162613,897709,842852,055975,7861,051,802691,111
total liabilities3,069,6473,321,3202,529,3642,813,2572,155,3702,517,1772,319,5041,817,9581,938,5691,819,4611,715,2282,404,0672,155,2022,253,092
net assets1,708,1671,662,4571,544,9511,312,2771,080,971936,020682,318574,970384,294314,718149,12528,4335,74096,709
total shareholders funds1,708,1671,662,4571,544,9511,312,2771,080,971936,020682,318574,970384,294314,718149,12528,4335,74096,709
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit174,066207,882345,346341,230235,243377,693196,583269,38690,235219,649166,78443,259-70,928147,315
Depreciation96,72186,21765,51372,40178,10877,35978,30155,06748,53369,37779,54579,25490,61582,500
Amortisation00000000000000
Tax-10,722-27,563-54,578-54,257-34,001-59,510-26,837-47,669-18,495-49,463-38,113-7,9730-37,608
Stock61,576302,968-219,955274,444174,468110,859147,728-174,418185,61754,238-50,49856,54473,409149,142
Debtors-181,9491,029,697222,482648,024-335,193346,059497,652149,47814,010240,168-442,919253,173-178,194950,905
Creditors-410,544541,405-433,050352,741-133,560-50,029434,782-814,593215,053246,446-565,108324,881-458,5811,561,981
Accruals and Deferred Income-19,897-394,63698,275136,92217,222339,5278,458239,691000000
Deferred Taxes & Provisions-32,434112,8241,284-4,517-5,0084,256-5,44522,5761,05300000
Cash flow from operations-82,437-806,53620,263-77,948318,729232,37840,462-250,602136,752191,603136,525129,704-334,109654,141
Investing Activities
capital expenditure-11,656337,841-11,666-39,665-21,495-72,579-41,350-150,162-37,261-44,651-4,902-40,965-6,700-1,332,040
Change in Investments00000000000000
cash flow from investments-11,656337,841-11,666-39,665-21,495-72,579-41,350-150,162-37,261-44,651-4,902-40,965-6,700-1,332,040
Financing Activities
Bank loans00000000000000
Group/Directors Accounts000000-29,11029,110000000
Other Short Term Loans 00000000000000
Long term loans-178,28135,917463,535-110,873-121,557-108,000-103,777512,020-66,666-8,022-96,145-45,833-183,334400,000
Hire Purchase and Lease Commitments00000-66,7156,46460,251000000
other long term liabilities-207,271483,784-7,139-25,778-23,43069,7170-612,844-30,332-134,191-27,586-30,183544,025291,111
share issue00000000000002
interest-117,633-62,812-58,094-55,667-56,292-64,480-62,398-31,041-2,165-4,593-7,978-12,593-20,041-12,999
cash flow from financing-503,185456,889398,302-192,318-201,279-169,478-188,821-42,504-99,163-146,806-131,709-88,609340,650678,114
cash and cash equivalents
cash-525855101-539482-763465-90329146-87130-159214
overdraft596,75412,662-406,798309,392-95,4748,917190,174443,178000000
change in cash-597,279-11,807406,899-309,93195,956-9,680-189,709-443,268329146-87130-159214

P&L

December 2022

turnover

12.9m

+23%

operating profit

174.1k

0%

gross margin

17.5%

-3.31%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

1.7m

+0.03%

total assets

4.8m

-0.04%

cash

559

-0.48%

net assets

Total assets minus all liabilities

martec engineering group limited company details

company number

SC165315

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

May 1996

age

28

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

block 7, 20 clydesmill drive, cambuslang investment park, cambuslang, glasgow, G32 8RG

last accounts submitted

December 2022

martec engineering group limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 6 charges/mortgages relating to martec engineering group limited. Currently there are 3 open charges and 3 have been satisfied in the past.

charges

martec engineering group limited Companies House Filings - See Documents

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